9 0 21 22 23 24 Balance Sheets Total assets Debt Common stock Total liabilities & equity Income Statements EBIT Assume interest rate of: Complete the following income statements. Interest expense Taxable income (EBT) Income tax (40%) Net income Total tollars to investors Stock 12,000,000 Return on Equity 12,000,000 12,000,000 2,500,000 Stock & Debt 12,000,000 6,000,000 6,000,000 12,000,000 9% 2,500,000 Stock & Debt 12,000,000 6,000,000 6,000,000 12,000,000 12% 2,500,000
9 0 21 22 23 24 Balance Sheets Total assets Debt Common stock Total liabilities & equity Income Statements EBIT Assume interest rate of: Complete the following income statements. Interest expense Taxable income (EBT) Income tax (40%) Net income Total tollars to investors Stock 12,000,000 Return on Equity 12,000,000 12,000,000 2,500,000 Stock & Debt 12,000,000 6,000,000 6,000,000 12,000,000 9% 2,500,000 Stock & Debt 12,000,000 6,000,000 6,000,000 12,000,000 12% 2,500,000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 88PSA: Ratio Analysis Consider the following information taken from the stockholders equity section: How do...
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